{"id":1338,"date":"2019-07-10T22:31:47","date_gmt":"2019-07-10T17:01:47","guid":{"rendered":"http:\/\/www.bazaarindicator.com\/news\/?p=1338"},"modified":"2019-07-10T22:31:47","modified_gmt":"2019-07-10T17:01:47","slug":"abb-india-hikes-5-sell-business-solar-inverter","status":"publish","type":"post","link":"https:\/\/www.bazaarindicator.com\/news\/abb-india-hikes-5-sell-business-solar-inverter\/","title":{"rendered":"ABB India Hikes 5% on the Board\u2019s Nod to Sell Its Business of Solar Inverter"},"content":{"rendered":"<p style=\"text-align: justify;\">ABB India shares hiked around 5% Intraday on 9th July after the company has finalized to sell its business of solar inverter to an Italian company.<\/p>\n<p style=\"text-align: justify;\">The Indian Subsidiary of the Switzerland-headquartered company said, \u201cThe board of directors has finally granted in-principle approval for selling company\u2019s business to FIMER \u2013 an Italian company\u201d.<\/p>\n<p style=\"text-align: justify;\">The management of the company is ready to take all the necessary steps including the meeting and appointments of valuers &amp; advisors.<\/p>\n<p style=\"text-align: justify;\">The company said, \u201cThe decision of the board is in line with the ABB Group\u2019s next strategy of continuing portfolio management to fortify competitiveness and focus on revenues &amp; higher growth\u201d.<\/p>\n<p style=\"text-align: justify;\">At July 9, 2019, the price of the stock was quoting INR 219.80 up 3.20%\u00a0 on NSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ABB India shares hiked around 5% Intraday on 9th July after the company has finalized to sell its business of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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